The new members are: Smart Pension director of policy and market engagement Darren Philp; Greater Manchester Pension Fund assistant executive director Euan Miller; Tesco head of group pensions Laura Hay; Royal London director of policy and external affairs Jamie Jenkins; London Stock Exchange Group group director and head of reward analytics and optimisation Ava Lau; and Pinsent Masons pensions partner Carolyn Saunders.
The policy board – formed in 2018 – guides the PLSA’s policy positions and aims to shape policy agenda across the retirement income market.
Including Chilman and the six appointed today (3 May), the PLSA policy board now has a total of 20 members across the defined benefit (DB), defined contribution (DC), Local Government Pension Scheme (LGPS) and master trust sectors, among others.
The PLSA sited the improvement of adequacy as its key priority for 2022 with the policy board set to lead across five other key themes as well. These are: pensions dashboards; responsible investment, DB funding; key challenges for the LGPS; and DC decumulation.
Chilman said: “With this diverse group of thought-leaders and experts from across the PLSA’s membership we can shape the pensions and savings landscape for the benefit of both schemes and savers as we focus on our top six priorities for the year ahead.”
He added that there was “stiff competition” for the roles, with many applicants for each place.
“The vast majority of applicants met the personal criteria for the roles so often selection was based on ensuring that our governance is representative of our wide and complex membership,” Chilman explained.
The announcement of the appointments today comes after the association put out a call for experts from the pensions industry to apply to the specialist board back in January.
Around 30 more appointments have also been made to the association’s policy committees.
These include nine to its DB committee, ten to its DC committee, seven to its master trust committee, and two appointments to its LGPS committee.
Director of policy and advocacy Nigel Peaple said “The PLSA’s policy governance, which encompasses both the policy board and the four policy committees, help us develop solutions to the big policy issues facing pensions and the more day to day, but equally important, regulatory issues, that confront our members.
“All the best ideas and expert understanding comes from our membership so the role played by the PLSA members on our committees is vital.”